Income Tax And Corporate Tax - Practice Test

(A) Income Tax Act, 1961

(B) DTAA

(C) Both A and B

(D) None of these

(C) Both A and B

(A) Legal

(B) Illegal

(C) Legal and illegal

(D) None of these

(C) Legal and illegal

(A) exempted

(B) to be included in total income for tax purposes

(C) taxable

(D) None of the above

(A) exempted

(A) A person may not have assessable income but still be an assessee

(B) In some cases, the assessment year and the previous year can be same

(C) An Indian company is always resident assessee

(D) Surcharge is additional tax calculated on total income

(D) Surcharge is additional tax calculated on total income

(A) salary

(B) business and profession

(C) house property

(D) None of the above

(B) business and profession

Income Tax And Corporate Tax - Study Mode